Property Details

Penryn is a historic market town and port situated at the head of the estuary of the Penryn River, which connects to the main estuary of the Fal at Falmouth. The town, which has a population of 11,194 (2021 Census), has a long and colourful history linked to maritime activity and commerce. The town and wider area has benefited greatly from the growth of Falmouth University and the University of Exeter bringing students to the town and leading to graduates staying in the area to take advantage of the many diverse employment opportunities and to develop exciting new enterprises. The property is situated on Commercial Road (B3292), home to a wide range of businesses including retail, coffee shops, restaurants, workshops, offices and other commercial occupiers. Commercial Road is an important route for local traffic, cyclists and pedestrians. There are approved and fully funded plans, forming part of the Mid Cornwall Metro, for the further improvement of Commercial Road with greater emphasis on pedestrians and cyclists while creating a stronger business and retail hub. Public realm will also be enhanced by introducing green landscapes with more wildlife habitats. Full details and images can be found via the following link: Penryn - Commercial Road and Town Centre improvements | Let's Talk Cornwall The property's eastern boundary is at the head of the estuary and both the wharf and warehouse enjoy outstanding views over this busy tidal waterscape.

Jubilee Wharf Is An Award-winning Development Which Was Completed During 2007. It Comprises A Mixture Of Workshops, Offices, Café, Children's Day Nursery, Multi-use Hall And Six Duplex Flats. The Property Is Arranged In Two Blocks - One Two-storey And The Other Four-storey, With Sustainability And Green Credentials Uppermost In The Design And Features. The Two-storey Building To The South Of The Site Accommodates The Day Nursery, Café, Several Health And Well Being Studios And The Zedshed Multi-use Hall. It Is Unique In Its Design Resembling The Hull Of An Upturned Ship And Is Clad In Cedar, Zinc And Painted Render. There Are Feature Wind Cowls (providing Natural Ventilation To The Interior) On The Roof. The Southern And Eastern Elevations Face Onto The Wharf And Estuary With Uninterrupted Views Over The River. The Four-storey Building In The Middle Of The Estate Accommodates 12 Workshop Units On The Ground And First Floors With Six Duplex Apartments Occupying The Two Floors Above. The Building Is Clad In Painted Render, Zinc And Cedar And There Are External Staircases And Gantries Which Provide Access To The Upper Floors. Each Workshop Is Configured To Provide A Self-contained Open Plan Space With Kitchenette, Wc And Underfloor Heating. The Units Have Been Constructed To Allow Two Or More Units To Be Joined Together Via An Internal Opening. The Residential Apartments, Which Face Southeast, Are Fully Glazed On This Elevation Such That They Enjoy A Good Deal Of Sunlight And Views Down The Estuary. All Apartments Are Arranged Over Two Floors And Comprise Balcony, Internal Sunspace, Living/dining Room, Kitchen, Hallway, Wc/cloakroom, Bathroom And Either Two, Three Or Four Bedrooms. The Apartments Have Been Design With Natural Ventilation Via The Wind Cowls, Removing The Need For Electric Fans. Heat Exchangers Recover Up To 70% Heat Loss. The Apartments Benefit From Underfloor Heating And Hot Water Powered By A 109kw Wood Pellet Boiler. The Two Buildings Are Linked By A Single External First Floor Steel Gantry Which Is Positioned Over An Attractive Communal Courtyard Which Sits Between The Two Blocks And Provides Access To The Units. Jubilee Wharf Also Includes 7 Income Producing Moorings Which Are Let To Third Parties Who Occupy Their Own Vessels; Five For Residential, One For Business Use And One For Recreational Use. In Addition To These, There Is A Further Mooring Occupied By "brain Of Brian", A Converted Wwii Era Barge Providing Unique And Modern Office Accommodation. The Brain Of Brian Is Occupied By The Current Landlord And Does Not Produce A Rental Income But Could Do So In The Hands Of Another Owner. Jubilee Wharf Zedshed The Zedshed Is A Dance/exercise Hall With Unrivalled Views Across The River And Is Hired Out On A Sessional Basis To Third Parties By The Landlord. The Zedshed Brings To Jubilee Wharf More Than Just Revenue. It Brings A Wide Range Of Users At Different Times Of The Day, Driving Footfall And Bringing Extra Custom To The Café And Other Ground Floor Tenants As Well As The Health Rooms. Furthermore, It Raises The Profile Of Jubilee Wharf. Amongst Other Activities, The Landlord Organises An Annual Christmas Fair Which Brings Nearly 2,000 People To The Wharf For A Weekend Before Christmas, Which Adds To The Wharf's Reputation And Further Cements The Impression Of Jubilee Wharf As A Place To Come To Be Healthy, Active And Socialize. For Further Information About Jubilee Wharf, Descriptions, The Occupiers And The Life Surrounding The Building, Please Click On The Link To Be Taken To The Website: Https://www.jubileewharf.co.uk/ Jubilee Warehouse Is A Separate Building Situated To The North West Of Jubilee Wharf And Separated By A Car Park Which Is Shared By Occupiers Of Both Buildings. As Its Name Suggests, The Property Was Originally A Warehouse But Was Stripped To A Shell And Re-purposed To A Multi Studio/office Use In 2014 With The Assistance Of European Funding. The Building Was Awarded The Cornwall Sustainability Award For Best Built Environmental Retro-fit In 2015 And Not Only Is The Property Breeam Excellent, But It Has Also Been Innovatively Designed With Features Including A Unique Glazed Central Atrium Used As A Communal Area/ Meeting Space With Large Table, Open Kitchen, Piano And Table Tennis Table, Enhancing The Co-working And Communal Work Ethic Of The Various Tenants. The Building Is Finished To A Very High Standard And Is Configured To Provide 13 Business Units Of Various Sizes, All Positioned At Ground Floor Level Around The Central Atrium. To The Side Of Jubilee Warehouse The Car Park Has 13 Spaces. Occupiers Of Both Jubilee Warehouse And Jubilee Wharf Park On A First Come First Served Basis. The Car Park Is Not Currently Income Producing. For Further Information About The Warehouse, Descriptions, The Occupiers And The Life Surrounding The Building, Please Click On The Link To Be Taken To The Website: Https://jubileewarehouse.co.uk/ Location Penryn Is A Historic Market Town And Port Situated At The Head Of The Estuary Of The Penryn River, Which Connects To The Main Estuary Of The Fal At Falmouth. The Town, Which Has A Population Of 11,194 (2021 Census), Has A Long And Colourful History Linked To Maritime Activity And Commerce. The Town And Wider Area Has Benefited Greatly From The Growth Of Falmouth University And The University Of Exeter Bringing Students To The Town And Leading To Graduates Staying In The Area To Take Advantage Of The Many Diverse Employment Opportunities And To Develop Exciting New Enterprises. The Property Is Situated On Commercial Road (b3292), Home To A Wide Range Of Businesses Including Retail, Coffee Shops, Restaurants, Workshops, Offices And Other Commercial Occupiers. Commercial Road Is An Important Route For Local Traffic, Cyclists And Pedestrians. There Are Approved And Fully Funded Plans, Forming Part Of The Mid Cornwall Metro, For The Further Improvement Of Commercial Road With Greater Emphasis On Pedestrians And Cyclists While Creating A Stronger Business And Retail Hub. Public Realm Will Also Be Enhanced By Introducing Green Landscapes With More Wildlife Habitats. Full Details And Images Can Be Found Via The Following Link: Penryn - Commercial Road And Town Centre Improvements | Let's Talk Cornwall The Property's Eastern Boundary Is At The Head Of The Estuary And Both The Wharf And Warehouse Enjoy Outstanding Views Over This Busy Tidal Waterscape. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition). Please Refer To The Brochure. Rent / Price Offers In Excess Of £5,250,000 (five Million Two Hundred And Fifty Thousand Pounds) Are Invited, Reflecting Rental Income Of £328,521 Pa Plus Other Income And Estimated Rental Value Of Vacant Units Of £77,395 Pa. The Sale Reflects A Niy Of 7.17% Assuming Purchasers Costs Of 5.55%. Services We Understand That Mains Electricity, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries. Epc A Full Schedule Of Epcs For The Workshops And Residential Units At Jubilee Wharf And The Studios At Jubilee Warehouse Can Be Provided On Demand. Legal Fees Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction. Vat All Figures Quoted Are Exclusive Of Vat If Applicable.